Since February, the commodities asset class has surged ahead, overshadowing the S&P 500's faltering performance. This notable shift in market dynamics underscores the resilience and strength exhibited by commodities during this period.
Of particular interest are the XLE and XLU sectors, which have emerged as frontrunners since early March. This transition...
Solar stocks follow energy prices (crude oil) and AMEX:USO (oil etf) is about to break out. I read that chinese are outcompeting the west in cheaper solar products. ie NYSE:JKS
TNX is at bull market, crude oil and yields correlate (not sure which one cause the other).
I look at everything trough probabilities since nothing is ever known.
Stocks do bad when...
NYSE:GTLS is in the energy space as an equipment manufacturer. One that may not come on your radar. The average price target on this is $197.68. USB just gave it a new “BUY” rating and a price target of $170. At the current price that implies a 16% move. At the average price target the implied move would be over 34%.
Now the technical that I trade. This had...
... for a 85.43 debit.
Comments: Looking to attempt to grab the March dividend, which has been averaging around .80 over the past four distributions.
Metrics:
Buying Power Effect/Break Even/Cost Basis in Shares: 85.43
Max Profit: 2.57 ($257)
ROC at Max (ex. dividend): 3.01%
ROC at Max (w/dividend): 3.94% (assuming an .80 distribution)
ROC at 50% Max (ex....
To be successful on Wall Street, it is important to be flexible and be able to recognize changing market winds - the patterns that tell investors when to get in and out of the market.
Sometimes a breeze is a warm and inviting wind: assets rise in value, and it seems that everyone is making money.
Other times, it turns into a violent storm, leaving in its wake...
Mega-cap tech’s climb to jumpstart 2024 fooled many strategists who called for value, cyclical, and small-cap niches to outperform. The same old playbook has been in full swing, but could that be about to change? Consider that banks, not chips, ended this week at fresh multi-year highs following a late-week pullback among the big semiconductor names.
But there’s...
Oil has been creeping up lately. Today it triggered a bullish intraday pattern.
This intraday pattern if completes, sets up for a larger bullish daily chart pattern.
If this breakout in oil happens were going to see some energy stocks make moves liek the Semiconductors did today.
Many names like RIG, XOM, HAL, XLE put in daily bottoming tails.
Some energy...
before you read any further read my post from may:
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in may of 2023 i called the top on oil and projected we come down into the $50-60 range. we ended up playing it out quite flawlessly. a lot of people were very angry at me for whatever reason back when i was calling for the top, probably due to their elevated levels of confidence and greed. those people...
XLE ETF has broken above both a major resistance level (horizontal and channel) as well as a major volume shelf. In addition it's come off a divergent low which has propelled it higher. I think energy names have some legs here..
From a technical level, the XLE is showing a potential head and shoulders setup on a monthly chart. Combine this with major bearish divergence leaves shorting this basket of stocks as the trade of the year.
Any potential good news on the Ukraine/Russia front would be devastating on a fundamental level.
Everyone is long energy. Be brave, be bold. AMEX:XLE
Everything is cyclical. Every asset has its own cycle eventually in its own time. From Crypto to Real estate and Technology.
I crossed compared the Energy sector to the Technology Sector. XLE/QQQ
Then overlaid the Technology Sector to the Energy Sector QQQ/XLE
As you can see there is many clues where one will always outperform the other.
You just have to hold...
